News Details
Saudi Arabia's PIF takes stake in Aston Martin
Saudi Arabia's sovereign wealth fund PIF has taken a stake in Aston Martin Lagonda, a timely influx of cash that will help the troubled luxury car maker pay down outstanding debt. Aston Martin Lagonda executive chairman Lawrence Stroll likely initiated the deal by leveraging his relationship with Aston Martin F1 title sponsor Aramco which is owned by Saudi Arabia's Public Investment Fund. PIF's investment - divided between a participation in a £575m rights issue and a direct £78m purchase of shares - will leave the fund as the second largest shareholder of AML after Yew Tree, the consortium of investors led by Stroll. Along with PIF, Yew Tree and Mercedes-Benz will also take part in the...
Full Story »
Full Story »
You May Also Be Interested In...
Saudi Arabia sovereign fund buys a 17% Aston Martin...
Saudi Arabia's sovereign wealth fund will become the second-largest...
3y ago from GrandPrix247.com
McLaren and CGR both stake claim to Palou for 2023!
IndyCar outfits Arrow McLaren SP and Chip Ganassi Racing have one thing...
3y ago from F1i.com
‘You live by your choices': Guenther Steiner...
Haas team principal Guenther Steiner has suggested that Michael...
3y ago from Formula1News.co.uk
Aston Martin set for Saudi Arabian PIF investment
Aston Martin is set to receive major investment from the Saudi Arabian...
3y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Joan Mir: ‘Everyone cannot sleep’ because of 2027...
Joan Mir suggested that rumours about the 2027 MotoGP rider market are...
25m ago from MotorsportWeek.c...
Fermin Aldeguer to miss MotoGP season opener in...
Gresini Ducati has confirmed Fermin Aldeguer will miss the opening round...
1d ago from MotorsportWeek.c...
Marco Bezzecchi satisfied with ‘smaller’...
Marco Bezzecchi admits the Aprilia bike has slightly improved “in all...
1d ago from MotorsportWeek.c...
Fermin Aldeguer to miss Thai GP, Gresini names...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
18h ago from MotorsportWeek.c...
IndyCar announces multi-year extension with engine...
The NTT IndyCar Series has announced a long-term continuation with both...
22h ago from MotorsportWeek.c...
IndyCar announces historic multi-year deal with...
No description available...
23h ago from Motorsport.com
Popular On TotalWRC.com
WRC Sweden: Elfyn Evans leads as Oliver Solberg drops...
No description available...
1h ago from Motorsport.com
Thierry Neuville labels WRC struggles the “hardest...
No description available...
5m ago from Motorsport.com
Dacia announces exit from Rally-Raid, rules out 2027...
No description available...
1d ago from Motorsport.com
WRC Sweden: Oliver Solberg sets the pace to grab early...
No description available...
19h ago from Motorsport.com
Popular On GunnersToday.com
Andrea Berta already working on exciting Arsenal...
Arsenal sporting director Andrea Berta has reportedly already requested...
25m ago from CaughtOffside.com
'Who could predict…' – Arsenal fans won't...
Arsenal manager Mikel Arteta has made a slightly unconvincing claim about...
1h ago from CaughtOffside.com
Possible boost for Arsenal as Manchester City star...
Manchester City midfielder Rodri has been charged by the Football...
15m ago from CaughtOffside.com
National team manager 'optimistic' about Arsenal...
Spain manager Luis de la Fuente has spoken about Arsenal midfielder Mikel...
1h ago from CaughtOffside.com
Comments
Hottest News
F1 2026 – Bahrain test Day 3 live
It's the third and final day of running of the... Read More »
6h ago from MotorsportWeek.com
Crisis at Aston Martin? 'The gloves are off' as Alonso...
Two-time F1 champion Fernando Alonso has cut an... Read More »
3h ago from GPFans.com
F1 Testing Results: Bahrain timesheets as Lewis Hamilton...
The morning testing session on day three at the... Read More »
2h ago from GPFans.com
